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Karl Marx Predicted Libertarian/Ron Paul Foolishness

By bgamall4   Follow   Tue, 18 Oct 2011, 9:55am   2,242 views   28 comments
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http://www.businessinsider.com/karl-marx-predicted-libertarianron-paul-foolishness-2011-10

Ron Paul is moral decay, the decay of selfishness.

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1. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

   1   12:07pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   /* That 66 percent cut in food stamps will go to inflating house prices artificially. That seems hypocritical from someone who has criticized speculation before! */ Here's the problem with this statement. It looks at the proposed spending cut in isolation, while ignoring the fact that the spending cut would actually eliminate privatization of the welfare state (http://abcnews.go.com/Business/Economy/story?id=7452561). Also see: http://caivn.org/article/2011/02/23/food-stamps-big-money-jp-morgan-chase Everything else you argue works off of the assumption that there will be more speculation because of the spending cuts, without actually analyzing the overall impact, looking at the big picture. /* You will help destroy capitalism and prove Marx right. */ He will help destroy crony capitalism and prove Marx right, if Marx was talking about crony capitalism. All capitalism is crony according to you I guess (which is obviously wrong), so you may not see my point. Please consider reading this: http://www.hacer.org/pdf/Hazlitt00.pdf [Economics in one lesson], without any political bias.

2. HousingWatcher Follow Befriend 285 threads 1,760 comments

   2   12:47pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   You shouldn't criticize Ron Paul. His supporters are like a cult and will make your life miserable. Countless bloggers have learned this the hard way.

3. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

   3   1:15pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   HousingWatcher says You shouldn't criticize Ron Paul. His supporters are like a cult and will make your life miserable. FYI, I am not a part of that cult. However I am asking a reasonable question because the article makes so many implicit assumptions about how things will pan out due to spending cuts, thereby making the argument presented by the author as weak. It looks more like a diatribe against libertarianism and Ron Paul rather than attacking the substance of the plan.

4. bgamall4 Follow Befriend (14) 760 threads 2,591 comments 63 male Las Vegas, NV bgamall4's website Premium

   4   2:09pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   HousingWatcher says You shouldn't criticize Ron Paul. His supporters are like a cult and will make your life miserable. Countless bloggers have learned this the hard way. I know. I know they nest at BI. Even Henry and Zeke get buried by their negative comments.

5. bgamall4 Follow Befriend (14) 760 threads 2,591 comments 63 male Las Vegas, NV bgamall4's website Premium

   5   3:07pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   austrian_man says It looks more like a diatribe against libertarianism and Ron Paul rather than attacking the substance of the plan. Hey man, I have written other articles about his plan. I personally believe that the failure of banks and runs on banks will be massive if Ron Paul's wild west show is allowed to come into reality. Banks need to be regulated as utilites so that the deposits can be safe. Ron Paul wants anything goes, and you will put money into banks that fail. Are you prepared for that Austrian Man?

6. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

   6   3:23pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   bgamall4 says I personally believe that the failure of banks and runs on banks will be massive if Ron Paul's wild west show is allowed to come into reality Well, if you won't let the institutions that emphasize the concept of "privatizing profits and socializing losses" fail, who would you let fail then Gary? I am trying to imagine how would corporations look in your view of the society? You want the government to oversee the financial institutions to make sure they're under control, but the institutions are already out of control and no one is doing anything to stop it. Both Dem and Rep have not done anything meaningful. bgamall4 says Banks need to be regulated as utilites so that the deposits can be safe. You think they're safe today after Dodd-Frank? they're a ticking timebomb. See this article: http://www.bloomberg.com/news/2011-10-18/bofa-said-to-split-regulators-over-moving-merrill-derivatives-to-bank-unit.html bgamall4 says Ron Paul wants anything goes, and you will put money into banks that fail. You have a quadrillion in derivatives that will destabilize the entire global economy. How safe do you feel now?

7. Bitcoins arent the future? Follow Befriend (1) 20 threads 174 comments Beverly Hills, CA

   7   3:32pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   This is worst piece of Hate drivel I think I've ever seen. He speaks of no details. He calls him a Libertarian and then throws him under the bus for being a Republican. He conjures up every slander he can come up with with no evidence. Why should Ron Paul have disowned his own son??? I'm pretty sure Ron Pauls beef is with the large corrupt banking system and government frolicking hand in hand in a sea of taxpayer money. He is not running on the 'steal lunch from poverty-stricken children' platform. I'm not certain that cancelling food stamps would lead directly to government real estate investment. I'm calling bunk on that. I'm calling bunk on the racist thing too, thats not really a Libertarian ideal. Now McCain- there is a racist you can vote for. If Marx was such a genius, where is his form of gov't today?

8. bgamall4 Follow Befriend (14) 760 threads 2,591 comments 63 male Las Vegas, NV bgamall4's website Premium

   8   3:33pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   austrian_man says You want the government to oversee the financial institutions to make sure they're under control, but the institutions are already out of control and no one is doing anything to stop it. Both Dem and Rep have not done anything meaningful. Well, that is not completely true. The easy money lending has been slowed. We don't know if the Dems can keep it up but with the deregulation of the Republicans we will have easy money lending. #OWS needs to warn people to pull their money out of Bank of America. The FDIC is on our side. The Fed is on the side of the banks. Thanks for the article.

9. bgamall4 Follow Befriend (14) 760 threads 2,591 comments 63 male Las Vegas, NV bgamall4's website Premium

   9   3:33pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   Bitcoins are the future says If Marx was such a genius, where is his form of gov't today? Marx was like Ron Paul, an astute observer with no solutions.

10. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

    10   3:34pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   austrian_man says You want the government to oversee the financial institutions to make sure they're under control, but the institutions are already out of control and no one is doing anything to stop it. Both Dem and Rep have not done anything meaningful. What strikes me as overly silly is the idea that corporate fraud is caused by government intervention. That's the libertarian argument right? I seriously doubt that cooperate executives will suddenly become ethical conscientious overlords in the absence of any rules. It sounds to me like the libertarians are arguing that the effective solution to a crime ridden city is to get rid of what police remain, and everything will just work it's self out.

11. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

    11   3:34pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   bgamall4 says Bitcoins are the future says If Marx was such a genius, where is his form of gov't today? Marx was like Ron Paul, an astute observer with no solutions. Gary Anderson strategicdefaultbooks.com Bingo.... well, no workable realistic solutions.

12. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

    12   3:36pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   Bitcoins are the future says If Marx was such a genius, where is his form of gov't today? The same place as the libertarian form of government.

13. bgamall4 Follow Befriend (14) 760 threads 2,591 comments 63 male Las Vegas, NV bgamall4's website Premium

    13   3:42pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   leoj707 says The same place as the libertarian form of government. Both in the toilet. :)

14. Bitcoins arent the future? Follow Befriend (1) 20 threads 174 comments Beverly Hills, CA

    14   3:46pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   Like it or not, Ron Paul is the only candidate who isn't a total bitch to some mega-corporation. Hes the real deal. That's why hes got a media blackout. http://www.youtube.com/watch?v=cUXBz6AGJFM

15. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

    15   3:49pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   Bitcoins are the future says Like it or not, Ron Paul is the only candidate who isn't a total bitch to some mega-corporation. Hes the real deal. That's why hes got a media blackout. http://www.youtube.com/watch?v=cUXBz6AGJFM Yeah, that one thing that I like about him, but his theories on government --if put into practice-- would make everyone a total bitch to some mega-corporation.

16. Bitcoins arent the future? Follow Befriend (1) 20 threads 174 comments Beverly Hills, CA

    16   3:54pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   The glory of it is that he has to muster support in the senate and congress. I firmly believe that few pure libertarian ideals would ever make it through. He would be given the chance to move things back to the right direction, and the checks and balances of our form of government would prevent pure libertarianism from being implemented.

17. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

    17   3:57pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   Bitcoins are the future says The glory of it is that he has to muster support in the senate and congress. I firmly believe that few pure libertarian ideals would every make it through. He would be given the chance to move things back to the right direction, and would have to work through the checks and balances of our form of government to prevent pure libertarianism from being implemented. I am not quite sure what you are saying here. It sounds like, "Vote for him because of his libertarian ideals, but don't worry he will never be able to implement them because of government."

18. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    18   4:37pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   leoj707 says What strikes me as overly silly is the idea that corporate fraud is caused by government intervention. That's the libertarian argument right? I don't think so. I think Governments and corporations colluding to screw the taxpayer is what's happening now. Without any particular label, what I would like to see is a reform of moral character at the highest levels of governance. If you don't have that, both big government and small government are bound to fail. leoj707 says It sounds to me like the libertarians are arguing that the effective solution to a crime ridden city is to get rid of what police remain, and everything will just work it's self out. I see your point. But trust is important when electing a leader. How did that work out for you since 2008? How do you think that will work out if Ron Paul is elected? Here's the thing: do you agree that he'll do more good than harm?

19. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    19   4:40pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   bgamall4 says The easy money lending has been slowed. We don't know if the Dems can keep it up but with the deregulation of the Republicans we will have easy money lending. The easy money lending getting slowed has nothing to do with the Dems. It has everything to do with the Fed, who pay 0.25% (positive) interest on excess reserves. Banks are happy with a free 0.25% as opposed to risky loans when the entire consumer market is already sagging with debt. I don't think the easy money lending will pan out with Ron Paul because he advocates sound money and honest banking.

20. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

    20   4:54pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   austrian_man says I think Governments and corporations colluding to screw the taxpayer is what's happening now. Yes, and sans government corps would not have the need for "a partner in crime", they could just do all the screwing directly. Also, at times when push comes to shove government does reign in corps. Reforming government could fix this, removing government would make things much worse. One of the worst possible things we could do would be to let go of the reigns all together and tell corps, "We trust you to do the right thing." austrian_man says see is a reform of moral character at the highest levels of governance. If you don't have that, both big government and small government are bound to fail. I am not sure what you would like to see in this regard, but removing the $ motive from politicians would be a big start. I think that publicly funded campaigns, and increased transparency are keys to encouraging more "moral" behavior from politicians.

21. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

    21   5:01pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   austrian_man says I don't think the easy money lending will pan out with Ron Paul because he advocates sound money and honest banking. Who doesn't advocate sound money and honest banking? I would love to see a quote from a politician advocating dishonest banking. The question is how we get there. Under Dr. Paul's plan we would shrink government to an impotent size, and just expect banks to behave not in their best interests, but honestly and in the best interests of society. I think that is a recipe for banking dishonesty that we have not seen in since before the great depression.

22. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

    22   5:26pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   austrian_man says leoj707 says It sounds to me like the libertarians are arguing that the effective solution to a crime ridden city is to get rid of what police remain, and everything will just work it's self out. I see your point. But trust is important when electing a leader. How did that work out for you since 2008? How do you think that will work out if Ron Paul is elected? Here's the thing: do you agree that he'll do more good than harm? Well, it worked out for me the same as it has for every other American. We all have the same elected leader. In this day and age a lot of people tend to forget that we are all supposed to be on the same team. On the trust/honesty issue it would probably work out about the same if Ron Paul was elected as it has for Obama. http://www.politifact.com/personalities/ron-paul/ http://www.politifact.com/personalities/barack-obama/ Obama and Paul have very similar records for true statements. But you can see that Romney is worse: http://www.politifact.com/personalities/mitt-romney/ ...And with Perry things get even further from the truth: http://www.politifact.com/personalities/rick-perry/ Obama's "harm" has been to let us linger in the disaster that he inherited from Bush. He could and should do a much better job in fixing the situation. The problem with Dr. Paul is all his solutions for the problem would actually make it much worse. He seems to be for more of the same policies that got us into this situation in the first place. So, I think he would do much more harm that Obama's "keep the status quo" policy.

23. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    23   5:32pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   leoj707 says One of the worst possible things we could do would be to let go of the reigns all together and tell corps, "We trust you to do the right thing." Agree. leoj707 says I am not sure what you would like to see in this regard, but removing the $ motive from politicians would be a big start. I think that publicly funded campaigns, and increased transparency are keys to encouraging more "moral" behavior from politicians. Excellent idea. But hey, corporations are people my friend..lol leoj707 says just expect banks to behave not in their best interests, but honestly and in the best interests of society. I think that is a recipe for banking dishonesty that we have not seen in since before the great depression. Well I think apart from the fact that banks get paid for storing deposits safely (which is fair), they get paid much more from loans. Under a honest money system, the banks ability to lend must be restrained by the depositors themselves. For example, each person decides what is his time-preference on his deposits. If his time-preference is greater, then that increases the capacity of the bank to lend and it will also pay interest to the said depositor. If time-preference is very less for the person, then that curtails the bank from using this depositor's reserves to lend. Each individual person's time preference is embedded within the system and that eliminates moral hazard. leoj707 says I would love to see a quote from a politician advocating dishonest banking Not everyone recommends sound money. In fact on the contrary , people think Ron Paul is crazy for recommending gold standard. It imposes the required restraint and honesty that men otherwise seem to lose completely. Of course, it has to be accompanied with sound banking reform as well. As Jesse says 'THE BANKS MUST BE RESTRAINED, AND THE FINANCIAL SYSTEM REFORMED, WITH BALANCE BETWEEN INDIVIDUALS AND THE CORPORATIONS RESTORED TO THE ECONOMY, BEFORE THERE CAN BE ANY SUSTAINED RECOVERY'.

24. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    24   6:03pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   leoj707 says On the trust/honesty issue it would probably work out about the same if Ron Paul was elected as it has for Obama. http://www.politifact.com/personalities/ron-paul/ http://www.politifact.com/personalities/barack-obama/ Obama and Paul have very similar records for true statements. really? Obama's foreign policy has worked good for all Americans? Withdrawal of all troops from Iraq was a promise he made and failed ( http://www.youtube.com/watch?v=ohKz9OeiI0g#t=5m50s ). See this on Solyndra: http://truthingold.blogspot.com/2011/09/follow-up-on-obamas-solargate.html See this on debt: http://www.newsrealblog.com/2011/01/06/obama-2011-raise-the-debt-limit-obama-2006-dont-you-dare-raise-the-debt-limit/ I see a lot of inconsistencies and as Yves Smith puts it in this link: http://www.nakedcapitalism.com/2011/10/dylan-ratigan-on-the-political-efforts-to-hijack-occupywallstreet.html "Given Obama’s track record, the default assumption is that Obama does not mean what he says until proven otherwise."

25. bgamall4 Follow Befriend (14) 760 threads 2,591 comments 63 male Las Vegas, NV bgamall4's website Premium

    25   10:08pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   austrian_man says How do you think that will work out if Ron Paul is elected? Here's the thing: do you agree that he'll do more good than harm? There will be no police regulating Wall Street.

26. bgamall4 Follow Befriend (14) 760 threads 2,591 comments 63 male Las Vegas, NV bgamall4's website Premium

    26   10:11pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   leoj707 says Under Dr. Paul's plan we would shrink government to an impotent size, and just expect banks to behave not in their best interests, but honestly and in the best interests of society. I think that is a recipe for banking dishonesty that we have not seen in since before the great depression. Ron Paul comes across as an angel of light, as a moral agent. But his secular religious code is far from enlightening. It is very selfish and the movement has a history of racism.

27. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    27   10:43pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   leoj707 says In this day and age a lot of people tend to forget that we are all supposed to be on the same team. I'm actually not trying to divide or polarize. All I'm trying to suggest is to place trust on someone who's worthy enough, who's got the credentials and past history to back it up.

28. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    28   10:45pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike   bgamall4 says But his secular religious code is far from enlightening. It is very selfish and the movement has a history of racism. More misdirection and statements taken out of context, did we not go through this in your article on Mises? Unable to understand could be corrected, but unwilling to understand cannot.